Hungary: HUF 8 billion tax advantage scheme to support the aviation industry in the context of the Covid-19 pandemic

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Description

On 7 July 2020, the European Commission approved a HUF 8 billion (USD 26 million) Hungarian scheme that provides several companies with exemptions from their social security obligations. It will suppo...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

07 Jul 2020

Revocation date

31 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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